Preservation of Wealth 'IS' s SCAM! | By Bill Cobb

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Preservation of Wealth 'IS' a SCAM! | By Bill Cobb

-- Here's 17 Texas Better Business Bureau complaints on POW. They have a overall rating of "F".

Email me if you've had similar issues with Mr. Davis and POW. With your permission I'll post your comments.

"Preservation of Wealth or Deception?"

Read definitions of Multi-level Marketing (MLM), Pyramid and Ponzi Scheme then watch the video and read the compensation plan.

Is there is a correlation between them and the video?

First, let's define Multi-level Marketing vs a Pyramid scheme then a Ponzi scheme.

Definition of MLM and Pyramid schemes

1. Multi-level Marketing (MLM) is a marketing strategy designed to promote their product by through distributors, offering multiple levels of compensation. Pyramid schemes are, however, fraudulent schemes, disguising as an MLM strategy. The difference between a pyramid scheme and a lawful MLM program is that there is no real product that is sold in a pyramid scheme, and commissions are based only on the number of new individuals one introduces into the scheme.

2. A Pyramid Scheme, an organization compels individuals to make a payment and join. In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit. The directors of the organization (those at the top of the pyramid) also receive a share of these payments. For the directors, the scheme is potentially lucrative—whether or not they do any work, the organization's membership has a strong incentive to continue recruiting and funneling money to the top of the pyramid.

The Federal trade Commission (FTC) has set guidelines that help consumers discern legitimate plans from illegal ones. The difference between MLM and pyramid schemes under these guidelines are as follows: Sales of actual product or services to consumers, MLM offers products whereas Pyramid schemes do not Commissions are paid on sale of products and not on enrolments; MLM has a hierarchical commission set up on the sales of products, whereas pyramid schemes are based solely on new enrolments.

Company buys back inventory from participants at the time of termination, "***pyramid schemes do not have any inventory"***.

3. A Ponzi Scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator.

Here is copy of their Compensation/Pyramid Plan? (.pdf)

How the Scheme works | Bill Webber - POW Member

Contact Information:
Mr. Justin Davis, Fonder/CEO Preservation of Wealth
15851 Dallas Parkway Suite 1110
Addison, TX 75001
Email call or text Mr. Davis 214-543-3557

My Experience with POW and Mr. Davis...

In my case I fit the Pyramid Scheme. They had no stock and I still have nothing...

I purchased more than $60,000.00 worth of Gold and Silver Bars and Coins back in May 2014.
I created this site 19 October 2014.
5 1/2 months have gone by and still nothing.

Mr. Davis seems to be running from me. He won't call or respond to any emails as to the status of my order or refund.
I guess he doesn't understand the severity of what he's done or what's about to happen.
I'm retired and have nothing better to do since he destroyed my small business.
Now I'm on the brink of financial ruin thanks to Mr. Davis and POW.
So, since I've got nothing to do I've started a campaign to spread the word about his deception.
And it's going to get very ugly...

Last month the ****** Police Dept. went to his office for me and asked him come to down there for questioning. He did, then lied to the Officer about their delivery dates. Back in May of this year their website and whoever took my order told me 6-8 weeks. Well he went to the PD with some trumpeted up paperwork stating it was 8-12 weeks.

Well, that was a bold face lie and I can prove it.

The lies he's been telling people over the last few years are the same lies he's telling today. I'm beginning to sense a pattern here. I've talked to several people that had the same problems and the common excuse is the same. "Delivery, Mailing, Supplier Issues and the list goes on...".
I run a similar but small business and if I did this to my customers they'd all be gone.

In my case I'm willing to bet Mr. Davis "NEVER" had the metals. How do I know? I was told by one of his employees they have "NO bullion, Gold or Silver Eagles" in stock...

There has been 6 documented Texas Attorney General Investigations on Mr. Davis and POW.

October 16th, I submitted a written request to the U.S. Attorney General to look at other complaints against Mr. Davis and POW throughout the country.

This might prove to be interesting... I suspect they'll fine more than 6 complaints like I did.

Bill - 10/24/2014

Preservation of Wealth 'IS' a SCAM! | By Bill Cobb